VeChain (VET) is starting to flash signs of a potential breakout after months of bearish pressure. According to a new chart shared by WorldOfCharts, VET is currently testing a long-standing descending trendline. This line has held the Ve Chain price down since early May, rejecting several breakout attempts over the past two months. But things may finally be about to change.
As of now, the VET price is trading around $0.021. It recently pushed up against the descending resistance line that has capped every rally since mid-May. This trendline connects a series of lower highs that formed during Ve Chain’s extended downtrend.
But if VET can break above this resistance, it may trigger a big price move. The chart shows a clean structure with declining volatility and tighter price action leading up to this breakout point. This setup often leads to explosive moves once the breakout confirms.
The projection on the chart shows a potential price target of around $0.035 if VET manages to close above this trendline. That’s about a 63% increase from the breakout zone. The blue arrow on the chart marks this upside move, suggesting a strong rally could be coming if momentum picks up.
This kind of double-digit breakout is not uncommon when altcoins break long-term resistance, especially in a bullish market environment. The fact that the trendline has been tested multiple times adds weight to the possibility of a successful breakout this time.
A Crucial Moment for VET Price
The price is sitting right at the edge of this trendline, and market participants are watching closely. If Ve Chain gets a strong push above the resistance, it could quickly attract both traders and long-term investors looking to catch the move early.
According to WorldOfCharts, the breakout attempt is happening in the lower time frames, which means confirmation is still needed. Traders will likely wait for a clear close above the trendline before jumping in with size.
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If the breakout fails and VET gets rejected again, the price may fall back into the range between $0.019 and $0.021. But if it breaks above and holds, this could be the start of a much bigger move that puts VET back in the spotlight. Right now, all eyes are on this resistance line. A clean break could be what finally sends the Ve Chain price toward a double-digit rally.
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